Total Preference Amount definition

Total Preference Amount means, with respect to a given Preferred OP Unitholder, and as of a given date, the difference between (i) the sum of (A) such Preferred OP Unitholder’s (and its predecessors’) aggregate Capital Contributions made with respect to Preferred Operating Partnership Units on or before such date and (B) the aggregate Preferred Return that has accrued through such date with respect to all Preferred Operating Partnership Units held by such Preferred OP Unitholder (or its predecessors), at all times and (ii) the sum of (A) the total distributions that have been made on or before such date to such Preferred OP Unitholder (or its predecessors) pursuant to Sections 5.2(b)(i)(B), 5.2(b)(ii)(A) and 5.2(b)(ii)(B), (B) the initial principal amount of any OP Note issued on or before such date to such Preferred OP Unitholder (or its predecessors) pursuant to Section 8.7 hereof and (C) with respect to any Preferred Operating Partnership Units that have been converted into Operating Partnership Units pursuant to Section 8.8 hereof, the Total Preference Amount of such Preferred Operating Partnership Units calculated as of immediately prior to the effectiveness of such conversion. To the extent that it is necessary to allocate distributions described in clause (ii)(A) of the preceding sentence among particular Preferred Operating Partnership Units held by a given Preferred OP Unitholder, such distributions shall be allocated on a “first in, first out” basis, i.e., the oldest accruals of Preferred Return shall be deemed to have been paid first, and the oldest issued Preferred Operating Partnership Units shall be deemed to have been redeemed first.

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Total Preference Amount. With respect to each Partner the Total Preference Amount as of the time of any determination shall equal the sum of the Quarterly Preference Amounts of such Partner for all Fiscal Quarters that have closed on or prior to such time.

Total Preference Amount shall have the meaning set forth in Section 4.2(n).

Examples of Total Preference Amount in a sentence

The "Per Share Amount" shall be equal to ---------------- the quotient (rounded to the sixth decimal place) of (A) $360,000,000 minus the Total Preference Amount divided by (B) the sum of the Diluted Common Shares plus the Total Preferred Shares.
The "Per Share Amount" shall be equal to ---------------- the quotient (rounded to the sixth decimal place) of (A) the Aggregate Consideration minus the Total Preference Amount divided by (B) the sum of the Diluted Common Shares plus the Total Preferred Shares.
The "Total Preference Amount" ----------------------- shall be equal to the sum of (A) the Series A Preference Amount multiplied by the Total Series A Shares, plus (B) the Series B Preference Amount multiplied by the Total Series B Shares, plus (C) the Series B Preference Amount multiplied by the Total Series C Shares, plus (D) the Series D Preference Amount multiplied by the Total Series D Shares.
Then, the General Partner shall identify for each Preferred OP Unitholder a number of Priority Convertible Units for which the Total Preference Amount (as of the same date) is equal to such portion of the Quarterly Conversion Option Amount that was determined to be allocable to such Preferred OP Unitholder, and such Priority Convertible Units shall be treated as Currently Convertible Units.
The "Total Preference Amount" ----------------------- shall be equal to the sum of (A) the Series A Preference Amount multiplied by the Total Series A Shares plus (B) the Series B Preference Amount, if applicable, multiplied by the Total Series B Shares.
The "Total Preference Amount" ----------------------- shall be equal to the sum of (A) the Series A Preference Amount multiplied by the Total Series A Shares plus (B) the Series B Preference Amount multiplied by the Total Series B Shares.

More Definitions of Total Preference Amount

Total Preference Amount means the sum of the Aggregate Series A/B Preference Amount and the Aggregate Seed Preference Amount.

Total Preference Amount means the sum of the aggregate Per Share Series A Preference Amount, the aggregate Per Share Series B Preference Amount and the aggregate Per Share Series B-1 Preference Amount payable to all shares of Company Preferred Stock issued and outstanding immediately prior to the Effective Time.

Total Preference Amount is the sum of (a) the Common Preference Amount, (b) the Series A Preference Amount, (c) the Series ▇-▇ ▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇ ▇▇▇▇▇▇ ▇-▇ ▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇, (▇) the Series C Preference Amount, and (e) the Series D Preference Amount.